The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-10
The Future of the c., I'd. & ID.

The belief gathers strength that in due time
the Pennsylvania will come to the front owner
of the Cincinnati, Hamilton g. Dayton, and
through it the VandaIia road. The Pennsyl.
vania company purchase the c., Fl. e. d.
without conflicting with the laws of Ohio. it is
stated, as the is entirely different than
when the Bee-lins people sought to secure con-
troll of the road through purchase or lease. The
c., H. e. d. and the Bse-line were parable
roads. while the c., H. & d. and the c.. St. "a
g. p. not A Journal reporter yesterday
afternoon thrown into the company of a
veteran railroad man and one who is we'll versed
as to the affairs of the Cincinnati. Hamilton &
Dayton road, and in answer to the question,
What do you think of the Ives-Staynor
fasco?" he said: II know nothing beyond tn g
press dispatches, but that is enough to warrant
the belief that it s a serious complication and
that the young man has bitten off more than he
will ever chew. What will be the result is a
question not for me to answer. My opinion may
GO for what it is worth AS evidence of the
great worth and vitality of the C., H. & d. prop
erty, it has been the subject of several schemes
and schemers since the death OF it's
first President-if not commencing be-
fore that event. and has survived
them all It's physical condition to-day in every
department is equal to the best, and inferior to
other system in the country. It's earnings
are constantly growing. and all that is needed
to insure a steady growth and handsome returns
on it's securities, representing the proper and
legitimate cost of the properties, within the
porations of the system. OF course the outside
undertakings of the Ives party, unautn orized by
the stockh olders and directors, or the law, must
be left to take care of themselves. and the par
ties to them must take the consequences. I
have confidence in the c. Fl. g. d.. and would
volunteer the advice to all holders to part
with it below its par value, on which they may
be assured good returns
OF course, this means a wise. prudent manage
ment. OF the stock jobbine operations in New
York and elsewhere, [ know nothing; but this
l do know-that from the time
III. j. Jewet made president and
John Carlisle, vice president. and C. G. Waite,
general manager, with the directory in their aid,
the property at once came to the 'front.' and at
rapid bounds recovered from the slough into
which their Immediate predecessors had dragged
it; and have to only add my suggestion that John
Carlisle should be put at the head. He 1t was who
ST, 000, 900 preferred stock, to be only used in
completing double track to Hamilton, and for
additional equipments; he opposed and defeated
the roads absorption by a rival interest, and
placed IL q permanent basis with regular
dividends on the common stock. and opposed the
plan proposed, and finally adopted. whereby
possible, and has finally resulted the
financial scandal now confronting the old stock
holders. It is worthy of note that, whilst
acting vice president under Jewert, be re-
fused to accept a farthing compensation for his
labors until the property was able, from its net
earnings, to pay dividends on common stock"